Verbund : Feedback from Verbund road show. What is the medium-term growth strategy?
>How to optimise the surplus cash flow? - At the road show we organised with Verbund yesterday, we spoke about the group's strategic options for its medium-term growth. Earnings growth is reflected in a rapid increase in cash flow and the question of optimising capital allocation is becoming a priority.Continuing with deleveraging seems to make less and less sense - Having achieved a net debt/EBITDA ratio of 3x in 2018 with an A- rating from S&P and B...Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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